I love this thread!
"Carl Icahn is the reason that regulators exist."
".....Icahn will be lucky to get out of court without having his knees broken."
".......its lawyers will have Icahn and his cronies for lunch, with a Caesar salad on the side."
"It'll be a cold day in hell for Ichan."
"......his greedy overstuffed ego...."
"......Don CAArty will have Ichan kiss his AAss and then break him in two over his knee."
"Carl Icahn will be lucky to get out of court not dead."
"American will have a big lunch with an Icahn salad on the side!"
How eloquent! I also have a feeling that The Karabu Ticketing Agreement will be cirumvented in some way, most likely during the bankruptcy proceedings. I'm sure AA wouldn't buy into TWA with it in place. It destroys any concept of yield management.
I won't explain its origin, that can be found all over here and on PlaneBusiness.com, but it stems from another time like now, when TWA was fixed for cash and owed money (to Ichan), instead of repaying, they fashioned this agreement. Ichan has been laughing all the way to the bank since. Very shrewd.
It's possible he will be bought out, or agree to some settlement with AMR, if the bankruptcy proceedings
reject TW/AA's claim.
PS: Was it just me or did no one see this story on the 6:30 world news tonight? Peculiar. I hope WSJ and WasPost didn't muck up.